Indian Rupee Declines To 6-day Low Against U.S. Dollar
January 02 2019 - 2:08AM
RTTF2
The Indian rupee fell against the U.S. dollar in the evening
session on Wednesday, as Indian shares fell, tracking weak global
cues, as the U.S. government shutdown entered its 12th day and
manufacturing data from China disappointed investors.
The rupee fell to 70.07 against the greenback, its weakest since
December 27. Next key support for the rupee is seen around the
72.00 region.
Auto shares declined after weak vehicles sales data for
December.
The benchmark 30-share BSE Sensex ended the session down 363.05
points or 1.0 percent at 35,891.52 while the broader Nifty index
tumbled 117.60 points or 1.08 percent to 10,792.50.
A private survey showed that China's manufacturing sector
contracted for the first time in 19 months in December, due to
ongoing trade frictions between the world's two largest economies.
The Caixin/Markit manufacturing PMI dropped to 49.7 from 50.2 in
November.
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